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Russia Targets Major Surge in Natural Gas Exports by 2050

OilPrice

Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.

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Doubts Arise Over Azerbaijan Gas Export Targets

OilPrice

Azerbaijani leader Ilham Aliyev wants the European Union to ease regulatory hurdles and improve financing conditions to enable an expansion of natural gas exports. But recently published data raises doubts about whether Azerbaijan can meet a commitment of exporting 20 billion cubic meters (bcm) of gas annually to the EU by 2027.

BCM 339
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Turkmenistan Forges New Gas Partnerships with Turkey and Beyond

OilPrice

Turkmenistan is trying to shed its long-standing image as a hermit kingdom, at least when it comes to natural gas exports. The centerpiece of Turkmenistans gas export diversification push is a swap arrangement with Iran and Turkey under which Ashgabat is expected to supply Ankara with 1.3

BCM 187
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European Commission Proposes Law Ending Russian Gas, Oil Imports by 2027

Rigzone

Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22

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Factbox-EU’s plan to phase out Russian gas by end-2027

Oil & Gas 360º

(Investing) –BRUSSELS -The European Commission will next month propose legal measures to phase out the EUs imports of all Russian gas and liquefied natural gas by the end of 2027, it said on Tuesday. Others, including Poland and the Baltic states, already stopped buying Russian gas.

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China’s ENN Energy valued at $11.6 billion in privatization offer

Oil & Gas 360º

(Oil Price) –Chinese gas and clean energy distribution firm ENN Energy Holdings Limited has been valued at around US$11.6 ENN Natural Gas currently owns 34.28% in ENN Energy. ENN Natural Gas and ENN Energy are two of the four listed firms within the ENN Group conglomerate, which was founded by Wang Yusuo.

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Turkey Discovers New Black Sea Gas Reserve

Offshore Engineer

Turkey has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday

BCM 74